Road Safety Market to Exhibit a Remarkable CAGR of 10.1% by 2031, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

Data Bridge Market Research analyses that the global road safety market, which was USD 4,965.33 million in 2023, is expected to reach USD 10,721.29 million by 2031, at a CAGR of 10.1% during the forecast period 2024 to 2031.

Market Definition:

Road safety encompasses measures aimed at reducing the risk of road traffic injuries and fatalities, extending to cyclists, pedestrians, and motorcyclists, including car occupants. The surge in road accidents, particularly in regions lacking adequate safety infrastructure, underscores the urgent demand for road safety solutions to mitigate these incidents.

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Some of the major players operating in the global road safety market are:

JENOPTIK AG (Germany), Sensys Gatso Group AB (Sweden), SWARCO (Austria), IEG America (Canada), Syntell (Pty) Ltd (South Africa), Kapsch TrafficCom AG (Austria), Redflex Holdings (Australia), Teledyne FLIR LLC (U.S.), Cubic Corporation (U.S.), Truvelo (UK) Limited (U.K.), ALTUMINT (U.S.), Laser Technology, Inc. (U.S.), Motorola Solutions, Inc. (U.S.), Verra Mobility (U.S.), Siemens (Germany), Dahua Technology Co., Ltd (China), Clearview Intelligence Limited (U.K.), Conduent Business Services, LLC. (U.S.), Tattile S.r.l. (Italy), Traffic Logix (U.S.).

Competitive Landscape and Global Road Safety Market Share Analysis :

The global road safety market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global road safety market.

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